REG - SSE Plc - Director/PDMR Shareholding

SSEAnnouncement

15/07/2020 16:45

RNS Number : 1305T
  
SSE PLC
  
15 July 2020
  
 

SSE plc
Director/PDMR Shareholding
SSE plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons
 
Retention Share Award - Vesting of Award Granted July 2017



On 13 July 2020, the independent Trustee of the SSE Employee Trust notified the Company that it had on 13 July 2020 transferred the following beneficial interest of Ordinary shares of 50 pence each fully paid in the Company, subject to awards granted on 12 January 2017 as a retention award to Martin Pibworth (Executive Director).  A breakdown of the trade is provided in the table below.  Vesting of these shares was subject to continuous employment over the forty-two-month period from date of grant. 



 
1


 
Details of the person(s) discharging managerial responsibilities/person closely associated with




a)


Name(s)


Martin Pibworth (Executive Director)




 
2


 
Reason for the notification




a)


Position/status


As noted in 1a) above




b)


Initial notification/Amendment


Initial notification




 
3


 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


SSE plc




b)


LEI


549300KI75VYLLMSK856




 
4


 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)


Description of the financial instrument, type of instrument Identification code


Ordinary shares of 50 pence each fully paid
ISIN: GB0007908733




b)


Nature of transaction


Vesting of a Retention Award




c)


Price(s) and volume(s)
 
 


Vesting of a Retention Award on 13 July 2020 at a vesting price of GBP£13.37167




 





Executive Director/PDMR


Gross Award of Shares


 
 
 
 
 
 
Accrued Dividend Shares


 
 
 
 
 
 
 
Total Shares


 
No. Shares sold at £13.37167 to meet income tax and National Insurance liabilities


 
 
 
 
 
Net Number of Shares transferred to Participant




Martin Pibworth
(Executive Director)


25,000


6,714


31,714


15,277


16,437








d)


Aggregated information
-      Aggregated volume
-      Price


 
As noted in 4c) above
As noted in 4c) above




e)


Date of transaction


13 July 2020




f)


Place of transaction


Outside a trading venue



 
 


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